Entergy 2014 Annual Report Download - page 35
Download and view the complete annual report
Please find page 35 of the 2014 Entergy annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.(QWHUJ\&RUSRUDWLRQDQG6XEVLGLDULHV
0DQDJHPHQWV)LQDQFLDO'LVFXVVLRQDQG$QDO\VLV
DQGFDVKHTXLYDOHQWV(QWHUJ\XVHVWKHGHEWWRFDSLWDOUDWLRVH[FOXGLQJVHFXULWL]DWLRQERQGVLQDQDO\]LQJLWVILQDQFLDO
FRQGLWLRQDQGEHOLHYHVWKH\SURYLGHXVHIXOLQIRUPDWLRQWRLWVLQYHVWRUVDQGFUHGLWRUVLQHYDOXDWLQJ(QWHUJ\¶VILQDQFLDO
FRQGLWLRQEHFDXVHWKHVHFXULWL]DWLRQERQGVDUHQRQUHFRXUVHWR(QWHUJ\DVPRUHIXOO\GHVFULEHGLQ1RWHWRWKHILQDQFLDO
VWDWHPHQWV(QWHUJ\DOVRXVHVWKHQHWGHEWWRQHWFDSLWDOUDWLRH[FOXGLQJVHFXULWL]DWLRQERQGVLQDQDO\]LQJLWVILQDQFLDO
FRQGLWLRQDQGEHOLHYHVLWSURYLGHVXVHIXOLQIRUPDWLRQWRLWVLQYHVWRUVDQGFUHGLWRUVLQHYDOXDWLQJ(QWHUJ\¶VILQDQFLDO
FRQGLWLRQEHFDXVHQHWGHEWLQGLFDWHV(QWHUJ\¶VRXWVWDQGLQJGHEWSRVLWLRQWKDWFRXOGQRWEHUHDGLO\VDWLVILHGE\FDVKDQG
FDVKHTXLYDOHQWVRQKDQG
/RQJWHUPGHEWLQFOXGLQJWKHFXUUHQWO\PDWXULQJSRUWLRQPDNHVXSPRVWRI(QWHUJ\¶VWRWDOGHEWRXWVWDQGLQJ
)ROORZLQJDUH(QWHUJ\¶VORQJWHUPGHEWSULQFLSDOPDWXULWLHVDQGHVWLPDWHGLQWHUHVWSD\PHQWVDVRI'HFHPEHU
7RHVWLPDWHIXWXUHLQWHUHVWSD\PHQWVIRUYDULDEOHUDWHGHEW(QWHUJ\XVHGWKHUDWHDVRI'HFHPEHU7KHDPRXQWV
EHORZLQFOXGHSD\PHQWVRQWKH(QWHUJ\/RXLVLDQDDQG6\VWHP(QHUJ\VDOHOHDVHEDFNWUDQVDFWLRQVZKLFKDUHLQFOXGHG
LQORQJWHUPGHEWRQWKHEDODQFHVKHHW
Long-term debt maturities and
estimated interest payments 2015 2016 2017 2018-2019 after 2019
,Q0LOOLRQV
8WLOLW\
(QWHUJ\:KROHVDOH&RPPRGLWLHV
3DUHQWDQG2WKHU
7RWDO
1RWHWRWKHILQDQFLDOVWDWHPHQWVSURYLGHVPRUHGHWDLOFRQFHUQLQJORQJWHUPGHEWRXWVWDQGLQJ
(QWHUJ\&RUSRUDWLRQKDVLQSODFHDFUHGLWIDFLOLW\WKDWKDVDERUURZLQJFDSDFLW\RIELOOLRQDQGH[SLUHVLQ
0DUFK(QWHUJ\&RUSRUDWLRQKDVWKHDELOLW\WRLVVXHOHWWHUVRIFUHGLWDJDLQVWRIWKHWRWDOERUURZLQJFDSDFLW\
RIWKHIDFLOLW\7KHFRPPLWPHQWIHHLVFXUUHQWO\RIWKHXQGUDZQFRPPLWPHQWDPRXQW&RPPLWPHQWIHHVDQG
LQWHUHVWUDWHVRQORDQVXQGHUWKHFUHGLWIDFLOLW\FDQIOXFWXDWHGHSHQGLQJRQWKHVHQLRUXQVHFXUHGGHEWUDWLQJVRI(QWHUJ\
&RUSRUDWLRQ7KHZHLJKWHGDYHUDJHLQWHUHVWUDWHIRUWKH\HDUHQGHG'HFHPEHUZDVRQWKHGUDZQSRUWLRQ
RIWKHIDFLOLW\
$VRI'HFHPEHUDPRXQWVRXWVWDQGLQJDQGFDSDFLW\DYDLODEOHXQGHUWKHELOOLRQFUHGLWIDFLOLW\
DUH
Capacity (a) Borrowings
Letters
of Credit
Capacity
Available
,Q0LOOLRQV
$FRYHQDQWLQ(QWHUJ\&RUSRUDWLRQ¶VFUHGLWIDFLOLW\UHTXLUHV(QWHUJ\WRPDLQWDLQDFRQVROLGDWHGGHEWUDWLRRIRU
OHVVRILWVWRWDOFDSLWDOL]DWLRQ7KHFDOFXODWLRQRIWKLVGHEWUDWLRXQGHU(QWHUJ\&RUSRUDWLRQ¶VFUHGLWIDFLOLW\LVGLIIHUHQW
WKDQWKHFDOFXODWLRQRIWKHGHEWWRFDSLWDOUDWLRDERYH(QWHUJ\LVFXUUHQWO\LQFRPSOLDQFHZLWKWKHFRYHQDQW,I(QWHUJ\
IDLOVWRPHHWWKLVUDWLRRULI(QWHUJ\RURQHRIWKH8WLOLW\RSHUDWLQJFRPSDQLHVH[FHSW(QWHUJ\1HZ2UOHDQVGHIDXOWV
RQRWKHULQGHEWHGQHVVRULVLQEDQNUXSWF\RULQVROYHQF\SURFHHGLQJVDQDFFHOHUDWLRQRIWKH(QWHUJ\&RUSRUDWLRQFUHGLW
IDFLOLW\¶VPDWXULW\GDWHPD\RFFXU
(QWHUJ\&RUSRUDWLRQKDVDFRPPHUFLDOSDSHUSURJUDPZLWKD%RDUGDSSURYHGSURJUDPOLPLWRIXSWR
ELOOLRQ$W 'HFHPEHU (QWHUJ\ &RUSRUDWLRQ KDG PLOOLRQ RI FRPPHUFLDO SDSHU RXWVWDQGLQJ7KH
ZHLJKWHGDYHUDJHLQWHUHVWUDWHIRUWKH\HDUHQGHG'HFHPEHUZDV